Recent Updates
  • Biscuits Market Overview and Analysis By 2030
    The global biscuits market size was valued at USD 101.15 billion in 2022 and is projected to grow from USD 104.31 billion in 2023 to USD 148.56 billion by 2030, exhibiting a CAGR of 5.18% during the forecast period.

    Source Link :

    https://www.fortunebusinessinsights.com/biscuits-market-108482
    Biscuits Market Overview and Analysis By 2030 The global biscuits market size was valued at USD 101.15 billion in 2022 and is projected to grow from USD 104.31 billion in 2023 to USD 148.56 billion by 2030, exhibiting a CAGR of 5.18% during the forecast period. Source Link : https://www.fortunebusinessinsights.com/biscuits-market-108482
    Biscuits Market Size, Share, Trends | Growth Analysis [2030]
    The global biscuits market size was valued at $101.15 billion in 2022 & is projected to grow from $104.31 billion in 2023 to $148.56 billion by 2030
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  • Pea Protein Market Size and Growth Analysis By 2028
    The global pea protein market size is anticipated to rise during the projected period due to increasing demand for a high protein diet and rising vegan population. Fortune Business Insights™ publishes this information in an upcoming report titled, "Pea Protein Market, 2021-2028". As per the report, the pea protein market size was USD 416.39 million in 2020. The market size is anticipated to grow from USD 464.60 million in 2021 to USD 1,026.12 million in 2028 at a CAGR of 12.0% during the projected period.

    Source Link :

    https://www.fortunebusinessinsights.com/pea-protein-market-106053

    Pea Protein Market Size and Growth Analysis By 2028 The global pea protein market size is anticipated to rise during the projected period due to increasing demand for a high protein diet and rising vegan population. Fortune Business Insights™ publishes this information in an upcoming report titled, "Pea Protein Market, 2021-2028". As per the report, the pea protein market size was USD 416.39 million in 2020. The market size is anticipated to grow from USD 464.60 million in 2021 to USD 1,026.12 million in 2028 at a CAGR of 12.0% during the projected period. Source Link : https://www.fortunebusinessinsights.com/pea-protein-market-106053
    Pea Protein Market Growth, Size, Trends, Forecast, Report [2023-2031]
    The global pea protein market is projected to grow from $464.60 million in 2021 to $1,026.12 million by 2028 at a CAGR of 12.0% in forecast period, 2021-2028
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  • Vegetable Puree Market Overview and Analysis By 2028
    The global vegetable puree market size is expected to gain momentum by reaching USD 14.40 billion by 2028 while exhibiting a CAGR of 5.40% between 2021 to 2028. In its report titled “Vegetable Puree Market, 2021-2028,”. Fortune Business Insights mentions that the market stood at USD 9.59 billion in 2020.

    Source Link :

    https://www.fortunebusinessinsights.com/vegetable-puree-market-104383
    Vegetable Puree Market Overview and Analysis By 2028 The global vegetable puree market size is expected to gain momentum by reaching USD 14.40 billion by 2028 while exhibiting a CAGR of 5.40% between 2021 to 2028. In its report titled “Vegetable Puree Market, 2021-2028,”. Fortune Business Insights mentions that the market stood at USD 9.59 billion in 2020. Source Link : https://www.fortunebusinessinsights.com/vegetable-puree-market-104383
    Vegetable Puree Market Size, Growth, Trends & Forecast [2028]
    The global vegetable puree market is anticipated to grow from $9.97 billion in 2021 to $14.40 billion in 2028 at a CAGR of 5.40% in forecast period
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  • The global honey market size was valued at USD 8.17 billion in 2021 and is expected to grow from USD 8.53 billion in 2022 to USD 12.69 billion by 2029, exhibiting a CAGR of 5.83% during the forecast period.

    Source Link:

    https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551
    The global honey market size was valued at USD 8.17 billion in 2021 and is expected to grow from USD 8.53 billion in 2022 to USD 12.69 billion by 2029, exhibiting a CAGR of 5.83% during the forecast period. Source Link: https://www.fortunebusinessinsights.com/industry-reports/honey-market-100551
    Honey Market Size to Reach USD 12.69 Billion by 2029
    The global honey market is expected to grow from $8.53 billion in 2022 to $12.69 billion by 2029, at a CAGR of 5.83% in the forecast period, 2022-2029
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  • The global seafood market size was USD 310.75 billion in 2021 and is projected to grow from USD 333.25 billion in 2022 to USD 605.46 billion by 2029, exhibiting a CAGR of 8.92% during the 2022-2029 period.

    Source Link :

    https://www.fortunebusinessinsights.com/industry-reports/seafood-market-101469
    The global seafood market size was USD 310.75 billion in 2021 and is projected to grow from USD 333.25 billion in 2022 to USD 605.46 billion by 2029, exhibiting a CAGR of 8.92% during the 2022-2029 period. Source Link : https://www.fortunebusinessinsights.com/industry-reports/seafood-market-101469
    Seafood Market Size, Share, Growth | Research Report [2029]
    The seafood market is projected to grow from $333.25 billion in 2022 to $605.46 billion by 2029, at a CAGR of 8.92% in the forecast period, 2022-2029
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  • The global food colors market size is predicted to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period. The growing demand for processed food products and carbonated beverages will boost the food colors market trends during the forecast period. The rising shift towards all-natural and chemical-free products will bolster the healthy growth of the market in the forthcoming years. Besides, the increasing awareness regarding the benefits of plant-derived food ingredients will accelerate the food colors market revenue in the forthcoming years.

    According to the published report by Fortune Business Insights, titled “Food Colors Market Size, Share & Industry Analysis, By Type (Natural, Synthetic, Naturally-identical, Caramel, and Others), By Source (Plant and Animal, Chemicals, and Others), By Application (Processed Foods and Beverages), and Regional Forecast, 2019 – 2026” the market size stood at USD 2.55 billion in 2018.

    Source Link:

    https://www.fortunebusinessinsights.com/food-colors-market-102644

    An Overview of the Impact of COVID-19 on Food Colors Market

    The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

    We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

    The food colors market report is fixed at delivering a comprehensive description of the market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the food colors market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies.

    Competitive Landscape:

    Launch of Technology Centre by Symrise to Boost Market Prospects

    Symrise AG, a global leader, and producer of flavors and fragrances launch its new Asia-Pacific Flavor Innovation and Technology Centre. The Centre is aimed to contribute to Asia’s regional food & nutrition hub, whilst boosting the local food manufacturing capabilities. The announcement of the Innovation and Technology Centre will bolster healthy growth of the market in the forthcoming years owing to the € 30 million expansion of its regional headquarters in Singapore, which will help food manufacturers in many ways.

    Furthermore, Chief Executive Officer of Symrise AG, Dr Heinz-Jürgen Bertram, said in a statement, “Asia is fast becoming one of the main global sources of influence and inspiration for innovative food products. And major centers for business, lifestyle, technology, health, and nutrition like Singapore will be at the heart of this megatrend. He further added, “Similarly, Singapore will continue to be within the heart of our growth story and I believe the new research and innovation facilities will ignite greater collaboration, connectivity and creativity among industry stakeholders, that will further develop Singapore’s food research and manufacturing industry capabilities.” Besides, the growing consumption of food items among the general population will subsequently aid the expansion of the food colors market.

    Regional Analysis:

    High Consumption of Packaged Food to Promote Growth in North America

    North America generated a revenue of USD 667.77 million in 2018 and is predicted to witness high growth during the forecast period owing to the growing demand for natural food colors among manufacturers. The rising number of bans on synthetic colors for ecological and toxicological reasons will positively contribute to the growth of the market in North America. The increasing westernization and commercialization will bolster the healthy growth of the market in the region.

    The rising demand for carbonated drinks will fuel demand for natural and synthetic colors, which, in turn, will augur well for the market. The growing consumption of ready-to-eat snacks will create opportunities for the market in the Asia Pacific in the forthcoming years. The surge in working population along with rising disposable income will stimulate growth in the countries of Asia Pacific
    The global food colors market size is predicted to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period. The growing demand for processed food products and carbonated beverages will boost the food colors market trends during the forecast period. The rising shift towards all-natural and chemical-free products will bolster the healthy growth of the market in the forthcoming years. Besides, the increasing awareness regarding the benefits of plant-derived food ingredients will accelerate the food colors market revenue in the forthcoming years. According to the published report by Fortune Business Insights, titled “Food Colors Market Size, Share & Industry Analysis, By Type (Natural, Synthetic, Naturally-identical, Caramel, and Others), By Source (Plant and Animal, Chemicals, and Others), By Application (Processed Foods and Beverages), and Regional Forecast, 2019 – 2026” the market size stood at USD 2.55 billion in 2018. Source Link: https://www.fortunebusinessinsights.com/food-colors-market-102644 An Overview of the Impact of COVID-19 on Food Colors Market The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. The food colors market report is fixed at delivering a comprehensive description of the market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the food colors market. It further examines the ways and components convincing expansion, growth patterns, restricting factors, and market strategies. Competitive Landscape: Launch of Technology Centre by Symrise to Boost Market Prospects Symrise AG, a global leader, and producer of flavors and fragrances launch its new Asia-Pacific Flavor Innovation and Technology Centre. The Centre is aimed to contribute to Asia’s regional food & nutrition hub, whilst boosting the local food manufacturing capabilities. The announcement of the Innovation and Technology Centre will bolster healthy growth of the market in the forthcoming years owing to the € 30 million expansion of its regional headquarters in Singapore, which will help food manufacturers in many ways. Furthermore, Chief Executive Officer of Symrise AG, Dr Heinz-Jürgen Bertram, said in a statement, “Asia is fast becoming one of the main global sources of influence and inspiration for innovative food products. And major centers for business, lifestyle, technology, health, and nutrition like Singapore will be at the heart of this megatrend. He further added, “Similarly, Singapore will continue to be within the heart of our growth story and I believe the new research and innovation facilities will ignite greater collaboration, connectivity and creativity among industry stakeholders, that will further develop Singapore’s food research and manufacturing industry capabilities.” Besides, the growing consumption of food items among the general population will subsequently aid the expansion of the food colors market. Regional Analysis: High Consumption of Packaged Food to Promote Growth in North America North America generated a revenue of USD 667.77 million in 2018 and is predicted to witness high growth during the forecast period owing to the growing demand for natural food colors among manufacturers. The rising number of bans on synthetic colors for ecological and toxicological reasons will positively contribute to the growth of the market in North America. The increasing westernization and commercialization will bolster the healthy growth of the market in the region. The rising demand for carbonated drinks will fuel demand for natural and synthetic colors, which, in turn, will augur well for the market. The growing consumption of ready-to-eat snacks will create opportunities for the market in the Asia Pacific in the forthcoming years. The surge in working population along with rising disposable income will stimulate growth in the countries of Asia Pacific
    Food Colors Market Size, Share, Growth Rate, Global Industry Report, 2030
    The global food colors market size was USD 2.55 billion in 2018 and is projected to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period.
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  • The global ice cream market size reached USD 71.52 billion in 2021. The market valuation is anticipated to increase from USD 73.61 billion in 2022 to USD 104.96 billion by 2029 at 5.20% CAGR during 2022-2029. Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product's widespread availability are expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says Fortune Business Insights™, in its report titled “Ice Cream Market, 2022-2029."


    List of Key Players Profiled in the Report

    Nestle S.A. (Switzerland)
    Unilever Group (U.K.)
    General Mills (U.S.)
    Amul (India)
    Dunkin Brands (U.S.)
    Blue Bell Creameries (U.S.)
    Dairy Queen (U.S.)
    Dairy Farmers of America, Inc. (U.S.)
    Cold Stone Creamery (U.S.)
    CAMAL Ltd Company (Azerbaijan)
    Source Link:

    https://www.fortunebusinessinsights.com/ice-cream-market-104847

    Segments:

    By Type, Impulse Segment to Record Fastest CAGR during 2022-2029

    Based on type, the market is bifurcated into impulse and take home. The impulse segment dominated the market share in 2021, owing to rising popularity of conveniently packaged product among consumers. On the other hand, the take home segment will record notable growth through 2029.

    By Flavor, Vanilla Segment to Capture Maximum Share through 2029

    In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2022-2029 led by increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share.

    By Packaging, Cup Segment to Exhibit Stellar Growth over 2022-2029

    On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2029 led by tremendous popularity of cup ice creams. Convenience associated with this type of packaging makes it extremely popular among consumers.

    By Distribution Channel, Online Retailer Segment to Gain Traction through 2029

    According to distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. Ease of convenience of online ordering will drive the growth of this segment.

    Report Coverage:

    The report offers:

    Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
    Comprehensive insights into regional developments.
    List of major industry players.
    Key strategies adopted by the market players.
    Latest industry developments include product launches, partnerships, mergers, and acquisitions.
    Drivers & Restraints:

    Increasing Product Innovation to Drive Market Growth

    Traditional ice cream is nutrient-dense, yet it has no health benefits. As a result, the market players are showing growing interest in fortification and the addition of beneficial ingredients that may encourage consumers to select the product as a healthy snack option. Functional foods have advantages above and beyond basic nutrition, and they may help to reduce or eliminate the risk of certain diseases. The global consumption of fortified or functional products is predicted to rise due to increased production, thereby augmenting the ice cream market growth in the forthcoming years.

    However, low shelf life and seasonality could affect the product consumption to some extent.


    Regional Insights:

    Asia Pacific to Dominate Market Share led by Increasing Disposable Income

    Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of western cuisine and culture have all boosted product consumption throughout Asia Pacific.

    North America is expected to capture the second-largest share in the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the product consumption.

    The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand.

    Competitive Landscape:

    Market Players Focus on New Product Development and Launches to Strengthen Position

    Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021.

    Key Industry Development:

    January 2022: Casper's Ice Cream, a Utah-based company that owns brands such as FatBoy, Jolly Llama, and Churn Baby, was acquired by MidOcean Partners, a New York-based private equity firm.
    The global ice cream market size reached USD 71.52 billion in 2021. The market valuation is anticipated to increase from USD 73.61 billion in 2022 to USD 104.96 billion by 2029 at 5.20% CAGR during 2022-2029. Rising consumer spending on fast food, intense research and development operations for the creation of unique product variants, and the product's widespread availability are expected to fuel the global market. Furthermore, market expansion in a number of emerging markets is projected to be aided in the coming years by greater urbanization and rising disposable income, says Fortune Business Insights™, in its report titled “Ice Cream Market, 2022-2029." List of Key Players Profiled in the Report Nestle S.A. (Switzerland) Unilever Group (U.K.) General Mills (U.S.) Amul (India) Dunkin Brands (U.S.) Blue Bell Creameries (U.S.) Dairy Queen (U.S.) Dairy Farmers of America, Inc. (U.S.) Cold Stone Creamery (U.S.) CAMAL Ltd Company (Azerbaijan) Source Link: https://www.fortunebusinessinsights.com/ice-cream-market-104847 Segments: By Type, Impulse Segment to Record Fastest CAGR during 2022-2029 Based on type, the market is bifurcated into impulse and take home. The impulse segment dominated the market share in 2021, owing to rising popularity of conveniently packaged product among consumers. On the other hand, the take home segment will record notable growth through 2029. By Flavor, Vanilla Segment to Capture Maximum Share through 2029 In terms of flavor, the market is divided into vanilla, chocolate, fruit, and others. Among these, the vanilla segment is slated to dominate the market during 2022-2029 led by increasing popularity of the product. The chocolate segment is expected to hold the second-largest market share. By Packaging, Cup Segment to Exhibit Stellar Growth over 2022-2029 On the basis of packaging, the market is segmented into cup, stick, cone, tub, brick, and others. The cup segment is anticipated to capture the dominant market share till 2029 led by tremendous popularity of cup ice creams. Convenience associated with this type of packaging makes it extremely popular among consumers. By Distribution Channel, Online Retailer Segment to Gain Traction through 2029 According to distribution channel, the market is segregated into ice cream parlor, supermarket/hypermarket, online retailer, and others. Among these, the online retailer segment is projected to grow substantially owing to the growing trend of home delivery. Ease of convenience of online ordering will drive the growth of this segment. Report Coverage: The report offers: Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into regional developments. List of major industry players. Key strategies adopted by the market players. Latest industry developments include product launches, partnerships, mergers, and acquisitions. Drivers & Restraints: Increasing Product Innovation to Drive Market Growth Traditional ice cream is nutrient-dense, yet it has no health benefits. As a result, the market players are showing growing interest in fortification and the addition of beneficial ingredients that may encourage consumers to select the product as a healthy snack option. Functional foods have advantages above and beyond basic nutrition, and they may help to reduce or eliminate the risk of certain diseases. The global consumption of fortified or functional products is predicted to rise due to increased production, thereby augmenting the ice cream market growth in the forthcoming years. However, low shelf life and seasonality could affect the product consumption to some extent. Regional Insights: Asia Pacific to Dominate Market Share led by Increasing Disposable Income Asia Pacific dominated the ice cream market share in 2021 and is expected to grow at 5.63% CAGR over the forecast period. Fast food's growing popularity, increased disposable income, rapid urbanization, and the influence of western cuisine and culture have all boosted product consumption throughout Asia Pacific. North America is expected to capture the second-largest share in the market. The growing number of fast-food chains in the region and the widespread use of natural ingredients in the creation of frozen dairy products are pushing the product consumption. The European market has evolved as major corporations have adjusted their product portfolios in response to consumer interest and demand. Competitive Landscape: Market Players Focus on New Product Development and Launches to Strengthen Position Leading companies, such as Nestle S.A., Unilever Group, and General Mills, are focusing on new product launches and collaborative ventures with key stakeholders for portfolio expansion and product marketing. For example, Unilever Group announced the launch of the Double Red Velvet variation under its Magnum brand in January 2021. Key Industry Development: January 2022: Casper's Ice Cream, a Utah-based company that owns brands such as FatBoy, Jolly Llama, and Churn Baby, was acquired by MidOcean Partners, a New York-based private equity firm.
    Ice Cream Market Size to Reach USD 104.96 Billion by 2029
    The global ice cream market is projected to grow from $73.61 billion in 2022 to $104.96 billion by 2029, at a CAGR of 5.20% in forecast period, 2022-2029
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  • Beef Market Growth, Segments, Research Report and Forecast by 2029

    The global beef market size was valued at USD 395.22 billion in 2021 and is projected to grow from USD 414.98 billion in 2022 to USD 604.34 billion by 2029, exhibiting a CAGR of 5.52% during the forecast period.

    Source Link:

    https://www.fortunebusinessinsights.com/beef-market-106640

    Beef Market Growth, Segments, Research Report and Forecast by 2029 The global beef market size was valued at USD 395.22 billion in 2021 and is projected to grow from USD 414.98 billion in 2022 to USD 604.34 billion by 2029, exhibiting a CAGR of 5.52% during the forecast period. Source Link: https://www.fortunebusinessinsights.com/beef-market-106640
    Beef Market Size, Growth & Trends | Forecast Report [2029]
    The global beef market is projected to grow from $414.98 billion in 2022 to $604.34 billion by 2029, at a CAGR of 5.52% in forecast period, 2022-2029
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  • The food premix market size was valued at USD 6.31 billion in 2021 and is projected to grow from USD 6.69 billion in 2022 to USD 10.70 billion by 2029, exhibiting a CAGR of 6.93% during the forecast period.

    Information Source :

    https://www.fortunebusinessinsights.com/food-premix-market-102456
    The food premix market size was valued at USD 6.31 billion in 2021 and is projected to grow from USD 6.69 billion in 2022 to USD 10.70 billion by 2029, exhibiting a CAGR of 6.93% during the forecast period. Information Source : https://www.fortunebusinessinsights.com/food-premix-market-102456
    Food Premix Market Size, Share | Global Industry Report [2029]
    The food premix market is projected to grow from $6.69 billion in 2022 to $10.70 billion by 2029, at a CAGR of 6.93% during the forecast period, 2022-2029
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  • The global spices & seasonings market size was USD 17.75 billion in 2021. The market is projected to grow from USD 18.47 billion in 2022 to USD 25.42 billion by 2029, exhibiting a CAGR of 4.67% during the forecast period.

    This information is provided by Fortune Business Insights™, in its report, titled, “Spices & Seasonings Market, 2022-2029.”

    The market is mainly navigated by some factors, such as the growing popularity of ethnic cuisines. It is steering the demand for spice blends and original spices.


    List of Key Players Covered in the Report

    McCormick & Company, Inc. (U.S.)
    Kerry Group Plc (Ireland)
    Watkins Incorporated (U.S.)
    Olam International (Singapore)
    Associated British Foods PLC (U.K.)
    Ajinomoto Co., Inc. (Japan)
    Sensient Technologies Corporation (U.S.)
    ARIAKE Japan Co. Ltd. (Japan)
    SHS Group (U.K.)
    Worlée Group (Germany)
    Segmentation

    Snacks and Convenience Foods to Dominate during Forecast Period

    Based on type, the market is segregated into pepper, chili, ginger, cinnamon, cumin, turmeric, nutmeg and mace, cardamom, cloves, and others.

    On the basis of application, the global spices & seasonings market is segmented into meat and poultry, bakery and confectionery, frozen foods, snacks and convenience foods, and others. Snacks and convenience foods are the most important commodities in the spice and seasoning trade and are expected to lead during the forecast period.

    In terms of region, the market is separated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/industry-reports/spices-and-seasonings-market-101694

    Growing Veganism and Vegetarianism to Foster Market Growth

    Vegetarianism and veganism are part of a global trend that is promptly extending. The vegan population in the U.S. and the U.K. has grown substantially. Numerous spices used in the meat processing industry beforehand are currently used as non-vegetarian substitutes. This trend assists towards the rise in spice demand. Plant-based diets are transforming expansively across the globe. The companies are accentuating novel product unveilings, particularly for the vegan and vegetarian population, to take benefit of this novel trend.

    Regional Insights

    North America to Dominate Backed by Increasing Usage of Herbs in Cooking

    North America held the largest spices & seasonings market share and stood at USD 7.48 billion in 2021. North America has been one of the prime markets for spices & seasonings as novel consuming practices alter how consumers perceive herbs.

    Asia Pacific market is likely to display notable progress due to the growth of food processing industries in the region.

    Europe is anticipated to observe considerable spice & seasonings market growth owing to the surging preference of young European consumers towards exotic and prominent food flavors. Europe is among the world's key importers of herbs and spices.

    Competitive Landscape

    New Product Launch Declarations by Prime Players to Boost Market Growth

    The noticeable players embrace numerous strategies to bolster their position in the market as dominating companies. One such key strategy is procuring companies to bolster the brand value among users. Another vital strategy is intermittently unveiling groundbreaking products with a methodical study of the market and its target audience.

    Industry Development

    September 2021: Olam Food Ingredients unveiled 'Blends of the Americas', which is the first collection in its novel spice blends series. The 17 ready-to-use dry blends offer food service companies, food producers, and retailers an effortless, clean-label solution for manufacturing authentic and constant flavors motivated by the continent's popular cuisines from those in the Caribbean, Mexico, and the U.S. Southwest.
    The global spices & seasonings market size was USD 17.75 billion in 2021. The market is projected to grow from USD 18.47 billion in 2022 to USD 25.42 billion by 2029, exhibiting a CAGR of 4.67% during the forecast period. This information is provided by Fortune Business Insights™, in its report, titled, “Spices & Seasonings Market, 2022-2029.” The market is mainly navigated by some factors, such as the growing popularity of ethnic cuisines. It is steering the demand for spice blends and original spices. List of Key Players Covered in the Report McCormick & Company, Inc. (U.S.) Kerry Group Plc (Ireland) Watkins Incorporated (U.S.) Olam International (Singapore) Associated British Foods PLC (U.K.) Ajinomoto Co., Inc. (Japan) Sensient Technologies Corporation (U.S.) ARIAKE Japan Co. Ltd. (Japan) SHS Group (U.K.) Worlée Group (Germany) Segmentation Snacks and Convenience Foods to Dominate during Forecast Period Based on type, the market is segregated into pepper, chili, ginger, cinnamon, cumin, turmeric, nutmeg and mace, cardamom, cloves, and others. On the basis of application, the global spices & seasonings market is segmented into meat and poultry, bakery and confectionery, frozen foods, snacks and convenience foods, and others. Snacks and convenience foods are the most important commodities in the spice and seasoning trade and are expected to lead during the forecast period. In terms of region, the market is separated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/spices-and-seasonings-market-101694 Growing Veganism and Vegetarianism to Foster Market Growth Vegetarianism and veganism are part of a global trend that is promptly extending. The vegan population in the U.S. and the U.K. has grown substantially. Numerous spices used in the meat processing industry beforehand are currently used as non-vegetarian substitutes. This trend assists towards the rise in spice demand. Plant-based diets are transforming expansively across the globe. The companies are accentuating novel product unveilings, particularly for the vegan and vegetarian population, to take benefit of this novel trend. Regional Insights North America to Dominate Backed by Increasing Usage of Herbs in Cooking North America held the largest spices & seasonings market share and stood at USD 7.48 billion in 2021. North America has been one of the prime markets for spices & seasonings as novel consuming practices alter how consumers perceive herbs. Asia Pacific market is likely to display notable progress due to the growth of food processing industries in the region. Europe is anticipated to observe considerable spice & seasonings market growth owing to the surging preference of young European consumers towards exotic and prominent food flavors. Europe is among the world's key importers of herbs and spices. Competitive Landscape New Product Launch Declarations by Prime Players to Boost Market Growth The noticeable players embrace numerous strategies to bolster their position in the market as dominating companies. One such key strategy is procuring companies to bolster the brand value among users. Another vital strategy is intermittently unveiling groundbreaking products with a methodical study of the market and its target audience. Industry Development September 2021: Olam Food Ingredients unveiled 'Blends of the Americas', which is the first collection in its novel spice blends series. The 17 ready-to-use dry blends offer food service companies, food producers, and retailers an effortless, clean-label solution for manufacturing authentic and constant flavors motivated by the continent's popular cuisines from those in the Caribbean, Mexico, and the U.S. Southwest.
    Spices and Seasonings Market Size, Industry Share, Growth Rate, 2030
    The global spices and seasonings market was valued at $17.75 billion in 2021 and is projected to grow from $18.47 billion in 2022 to $25.42 billion by 2029, exhibiting a CAGR of 4.67% during the forecast period.
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